Press Release Summary: GCS announce their best ever half year financial results
Press Release Body: GCS today announces its best ever half-year financial results with average turnover increased to £14.54 million. Gross profit for the UK business has grown by an impressive 35.1 per cent compared to the same period in 2006/07. The contract business has shown the greatest increase of 43.9 per cent and permanent business achieved a healthy 14.7 per cent rise, putting it in the same bracket as the industry's top performing companies. This has resulted in a climb of nine places from 40 to 31 in the Recruitment International Top 100.
European business has also remained steady for GCS with the French and the Dutch businesses also seeing an increase of 3.83 per cent.
A key element to GCS' success has been the reorganisation of the management team and utilising the different strengths of the three key individual managers. Kevin Logan brings a wealth of IT and quality management experience in his role as business operations manager. Paul Winchester has over ten years of experience in IT recruitment, and has been with GCS almost seven years. After being one of the company's most successful billers, is now head of sales. Grahame Winman forms the 'glue' between the two as sales operations manager and has experience in telecomms sales.
Speaking about the interim results, GCS' director, Chris Bartlett said, "These have been the best ever half-year results for GCS. I am delighted and congratulate the management team's success on their shift in focus over the last year. We have ambitious targets ahead, with the new Birmingham office opening early 2008 and more offices planned to open in the south west, north of England and also international offices over the next three to five years, boosting our headcount and profitability in these areas."
ENDS
About GCS - www.gcsltd.com Established in 1989, GCS is an IT recruitment specialist with an annual turnover of £23 million. The business has grown organically and consistently, principally on reputation and referral, featuring in The Sunday Times Fast Track 100.
GCS employs 79 staff in its network of offices in both the UK (London, Nottingham and Reading) and Continental Europe (France, Ireland and the Netherlands).
Web Site: http://www.gcsltd.com
Contact Details: For further information contact: Rachel Lear / Louise Mapp Ascent PR T: 0118 988 0501 E: louise.mapp@ascentpr.co.uk
Chris Bartlett GCS T: 0118 9563900 E: chris.bartlett@gcsltd.com
2022
